Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$8,521$8,521$89,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$80,579$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%8.838%7.640%
1st payment$59.08$59.08$616.91
2nd payment$0.00$604.34$0.00
Taxes / mo$82.50$82.50$82.50
Insurance / mo$150.00$150.00$150.00
MI / mo$3.97$3.97$17.82
HOA / mo$0.00$0.00$0.00
Total monthly$295.55$899.89$867.23
Cash to close$90,479$9,900$9,900